Defending the liberal tradition in history, science, and philosophy
An article sure to provoke controversy.
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It’s typical to define “under the $PARTY” as referring to the presidency vs. congress, whichever is more convenient to the point of the day. Plus their S&P index metric does not seem to account for inflation.
That paper pretty much explains the problems with this idea. The key graf: Specifically, the economy was in recession when Republican presidents became responsible for the economy in each of the four post-1948 transitions from Democratic to Republican presidents. This was not the case for the transitions from Republicans to Democrats.
Obviously, that doesn’t apply to the last transition…
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